ARVR vs. TCAI

Last updated Aug 2, 2026

ARVR (First Trust Indxx Metaverse ETF) and TCAI (Tortoise AI Infrastructure ETF) are both exchange-traded funds - ARVR is a Technology Equities fund tracking the Indxx Metaverse Index - Benchmark TR Net, while TCAI is a Artificial Intelligence fund actively managed by Tortoise. ARVR is passively managed, while TCAI is actively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. ARVR charges 0.70%/yr vs 0.65%/yr for TCAI.

Performance

ARVR vs. TCAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Metaverse ETF (ARVR) and Tortoise AI Infrastructure ETF (TCAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARVR achieves a 10.36% return, which is significantly lower than TCAI's 55.27% return.

ARVR

• 1D: -2.11%
• 1M: -3.10%
• 6M: 10.71%
• YTD: 10.36%
• 1Y: 18.79%
• 3Y*: 18.68%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.55%

TCAI

• 1D: -0.41%
• 1M: -7.41%
• 6M: 37.28%
• YTD: 55.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ARVR First Trust Indxx Metaverse ETF	$9.01K	$9.78K	$34.40K
TCAI Tortoise AI Infrastructure ETF	$4.79M	$5.54M	$6.96M

ARVR vs. TCAI - Yearly Performance Comparison

	2026 (YTD)	2025
ARVR First Trust Indxx Metaverse ETF	10.36%	5.46%
TCAI Tortoise AI Infrastructure ETF	55.27%	17.27%

Correlation

The correlation between ARVR and TCAI is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.70

Return for Risk

ARVR vs. TCAI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ARVR

ARVR Risk / Return Rank: 30
ARVR Sharpe Ratio Rank: 31
ARVR Sortino Ratio Rank: 30
ARVR Omega Ratio Rank: 30
ARVR Calmar Ratio Rank: 29
ARVR Martin Ratio Rank: 30

TCAI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ARVR vs. TCAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Metaverse ETF (ARVR) and Tortoise AI Infrastructure ETF (TCAI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ARVR	TCAI	Difference
Sharpe ratio: Return per unit of total volatility	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.14	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.96	—	—
Martin ratio: Return relative to average drawdown	2.73	—	—

Drawdowns

ARVR vs. TCAI - Drawdown Comparison

The maximum ARVR drawdown since its inception was -26.40%, smaller than the maximum TCAI drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for ARVR and TCAI.

Drawdown Indicators

	ARVR	TCAI	Difference
Max Drawdown Largest peak-to-trough decline	-26.40%	-28.82%	+2.42%
Max Drawdown (1Y) Largest decline over 1 year	-17.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.46%	—	—
Current Drawdown Current decline from peak	-7.76%	-20.91%	+13.15%
Average Drawdown Average peak-to-trough decline	-5.87%	-4.71%	-1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.24%	—	—

Volatility

Volatility by Period

	ARVR	TCAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.23%	41.71%	-19.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	41.71%	-17.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	41.71%	-17.97%

ARVR vs. TCAI - Expense Ratio Comparison

ARVR has a 0.70% expense ratio, which is higher than TCAI's 0.65% expense ratio.

Dividends

ARVR vs. TCAI - Dividend Comparison

ARVR's dividend yield for the trailing twelve months is around 0.68%, more than TCAI's 0.03% yield.

Position	TTM	2025	2024	2023	2022
ARVR First Trust Indxx Metaverse ETF	0.68%	0.53%	0.81%	0.11%	0.27%
TCAI Tortoise AI Infrastructure ETF	0.03%	0.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ARVR and TCAI in my portfolio?

ARVR and TCAI have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARVR or TCAI?

On fees, TCAI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARVR or TCAI?

TCAI is cheaper with a 0.65% expense ratio, compared with 0.70% for ARVR.

Which ETF pays a higher dividend yield, ARVR or TCAI?

ARVR has the higher dividend yield at 0.68%, compared with 0.03% for TCAI.

What is the main difference between ARVR and TCAI?

ARVR is categorized as Technology Equities, while TCAI is Artificial Intelligence. They also come from different issuers: First Trust and Tortoise. Their fees differ too: 0.70% for ARVR and 0.65% for TCAI.